Yard Works Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of Yard Works, LLC, a well-established wholesale distributor of bulk landscape supplies in Central Virginia. With 13 locations, Yard Works has a strong market reputation, particularly in bulk mulch and soil. This acquisition marks SiteOne's fifth foray into expanding its market offerings in 2022, underscoring its commitment to enhancing product diversity and customer service. Yard Works' leadership anticipates growth opportunities through this partnership, aligning with SiteOne's customer-focused strategy.

Positive

• Acquisition of Yard Works expands SiteOne's presence in Central Virginia.
• Yard Works has a strong reputation and established customer base in the region.
• This is the fifth acquisition in 2022, indicating aggressive growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Yard Works, LLC (“Yard Works”), a wholesale distributor of bulk landscape supplies with 13 locations in Central Virginia.

“For over 20 years, Yard Works has built a strong reputation in Central Virginia as an industry leader in bulk mulch and soil,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “We are excited to welcome this talented team to the SiteOne family and expand our product offering and capabilities in providing superior value to our combined customers in the Virginia market.”

“When considering future partners, SiteOne was a natural fit,” said Bill Stinson, Sr., co-founder of Yard Works. “This partnership will provide great opportunities for the continued growth of Yard Works.”

“Yard Works was built on a foundation of customer service, and we know that SiteOne shares this same focus. We look forward to offering expanded capabilities for our customers and providing enhanced opportunities for our team,” said Robbie Urbine, co-founder of Yard Works.

This is the fifth acquisition in 2022 for SiteOne as the company continues to expand the number of markets in which it offers the full range of landscape products and services to landscape professionals.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. https://www.siteone.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220621005863/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-270-7011

investors@siteone.com

or

Media:

SiteOne Landscape Supply, Inc.

Allison Flynn

Director, Integrated Marketing

470-277-7293

AFlynn@SiteOne.com

Source: SiteOne Landscape Supply, Inc.

FAQ

What is the significance of SiteOne's acquisition of Yard Works on its stock performance?

The acquisition of Yard Works is significant as it expands SiteOne's market presence and product offerings, potentially leading to revenue growth and increased shareholder value.

How many locations does Yard Works have?

Yard Works operates 13 locations in Central Virginia.

Is this SiteOne's first acquisition in 2022?

No, this is SiteOne's fifth acquisition in 2022.

What market does the acquisition of Yard Works aim to enhance?

The acquisition aims to enhance SiteOne's capabilities and offerings in the Central Virginia landscape supply market.